Bitcoin perps most adverse since FTX collapse, whereas Bitcoin continues to be withdrawn from exchanges

Fast Take

• The second most quantity of Bitcoin withdrawn from exchanges this 12 months at roughly 15,000 BTC.
• The perpetual funding fee is extraordinarily adverse, indicating Bitcoin is being shorted aggressively by report quantities for the reason that FTX collapse.
• Buyers are making a “stablecoin,” shopping for Bitcoin and shorting cross 1x inverse to attain an artificial USD. 

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